# UNC Management Company (UNCMC)

UNC Management Company (UNCMC) is an Endowment / Foundation based in Chapel Hill, United States.

## Overview

- **Organization type:** Endowment / Foundation
- **Headquarters:** Chapel Hill, United States
- **Region:** North America
- **Address:** 1400 Environ Way, Chapel Hill, NC, United States
- **Founded:** 2002
- **Assets under management:** 10.6B (Altss estimate)
- **Website:** uncmc.unc.edu
- **LinkedIn:** https://www.linkedin.com/company/unc-management-company

## Regulatory record

- **Reports private funds:** No

## About

UNC Management Company was established in 2002 as a 501(c)(3) nonprofit to centralize investment management for the University of North Carolina System. Jonathon King currently leads the firm while Mark Yusko founded the organization and served as its initial CIO before departing to establish Morgan Creek Capital Management. The firm deploys capital through the UNC Investment Fund and an intermediate pool for liquidity management. Allocations target private equity at a 22 percent target weight alongside venture capital, hedge funds, private credit, secondaries, direct co-investments and natural resources. Confirmed holdings include Camden Partners, Columbia Capital, Essex Woodlands Health Ventures and Georgian Partners. Geographic exposure spans North America, Europe and Asia. The organization employs 42 professionals at its Chapel Hill headquarters. It maintains oversight relationships with the UNC Chapel Hill Foundation Investment Fund and provides services to multiple constituent foundations including the Medical Foundation of North Carolina and the Kenan-Flagler Business School Foundation. In January 2024 the firm participated as a speaker at the Fiduciary Investors Symposium on endowment management topics. Governance flows through the UNC Chapel Hill Foundation Investment Fund as controlling member of the UNC Investment Fund. This structure separates day-to-day investment execution at UNCMC from ultimate fiduciary oversight retained by the university system's foundation entities.

## Sectors

- Education
- Energy Transition & Renewables

## People

- Jonathon King — President and CEO
- Mark Yusko — Founder and former CIO

## Questions

### Who runs investment decisions at UNC Management Company?

Jonathon King serves as President and CEO with responsibility for overall management. The firm reports to the UNC Chapel Hill Foundation Investment Fund as controlling member.

### How does UNC Management Company source proprietary deal flow?

The firm participates in fund commitments, direct co-investments and secondaries through established manager relationships. It maintains memberships in alternative investment networks including AIMA.

### Does UNC Management Company participate in fund commitments or only direct deals?

The firm executes both fund commitments and direct co-investments or SPVs. It also holds secondaries and special situations positions.

### What investment stages does UNC Management Company typically target?

Allocations cover venture capital from seed through expansion stages as well as buyout and growth equity. Natural resources and real estate strategies supplement the core private markets book.

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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/unc-management-company-uncmc

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